President Donald Trump’s 15 percent global tariff will take effect sometime this week, Treasury Secretary Scott Bessent said.
Following the Supreme Court’s rebuke of the president’s signature economic policy last month, Trump imposed a 10 percent global tariff, invoking Section 122 of the Trade Act of 1974. A day later, Trump pledged to raise the rate to 15 percent.
In an interview with CNBC’s “Squawk Box” on March 4, Bessent confirmed that the new rate would be introduced sometime this week and remain in place for 150 days.
He also anticipates tariff rates would return to the levels that were in place before the high court’s decision….
Trump’s 15 Percent Global Tariff Will Take Effect This Week: Bessent
